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Figures Reveal Year-On-Year Rise In Gambling Revenue

Posted By Tom Travis | Thursday, February 9, 2012 - 10:24
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Figures Reveal Year-On-Year Rise In Gambling Revenue

New data has revealed that gambling activities generated $419 billion (£264.4 billion) in revenues internationally in 2011.

This is, according to the Global Betting and Gaming Consultants' Global Gambling (GBGC) Report, a 5.6 per cent year-on-year, online poker players may be interested to learn.

The figures show that lotteries had the highest share of gambling revenues, making up an impressive 28.4 per cent of the total.

Revenues from Macau and Singapore, two of the world's biggest gambling regions, came a close second, recording a 27.7 per cent share of the market.

"GBGC is forecasting that global gambling revenues will reach $500 billion by 2014," commented Lorien Pilling, a director of the GBGC.

"There are numerous new casinos under development in Asia that are due to open in the next few years, while Singapore's integrated resorts are still only in their second full year of operations."

Over the coming year, Mr Pilling observed that the global economic situation will have a "major influence" on gambling markets.

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